Phase 1- Complete ( share Roll back )
Phase II - P/P that allows the real insiders more stock
Phase III- Pump the Stock, Dump the Stock and Fleece more People
Phase IV - Shares for debt and then were back to 75,000,000 shares outstanding.....
This is my bet....any one else want to weight in on this bet....
Follow the bouncing ball at your next Karaoke Night..@ Bacchus 's
RINSE AND REPEAT....rinise and repeat ( how many roll backs is this) Its a personal bank for two......4 or 5 times.......at least
What does it say when two board members knew of the discussion, but were shocked it actually took place....
Perhaps ABC Capital will be the Placee or some other JA company fronted by some individual in Eu....perhaps But unless Newmont and or Zinjin is putting more money behind this ( doubtful ) if they dont and wont...this is a dying dog....what do I know I'm an old man fishing on the Bow....
The first $1M off the top pays down all the debt, ( read the financials) in excess of $1M, including the assays sitting at the lab for over a year....meant time,
the team assembled in Kelowna have all but left Dr. Kia and B. M....so now if your the drilling company in the Yukon, how fast do you move a drill onto that property and or do you want to be paid up front for an entire season, IF YOU ARE THE DRILL COMPANY.
What type of First Nations relationships do they have....they let those people go as well.....
They have two geo's that live in the maritimes that like most, have not been paiid either...
Ask J. McConnell about the managment and or the project....thats where one should look at the upcoming VRIC and or the PDAC, I know I will....or Newmont.....who once were teh largest shareholder NO MORE!
This is a life style company, now many people could character assainate the Exec Chairman/CEO....but no need, hes done it to him self...not many want to do business with This guy......
Have we been FLEECED, is it why hes no longer lives in YVR ...instead YYC
J103
"TRIUMPH GOLD ANNOUNCES $3.75M PRIVATE PLACEMENT
Triumph Gold Corp. has arranged a private placement of up to 28,571,428 units of the company at a price of 13.125 cents per unit for gross proceeds of up to $3.75-million. Each unit will be composed of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable to acquire an additional share at a price of 17.5 cents. Proceeds from the private placement will be used for general working capital and to continue exploration on the company's Freegold Mountain project. In connection with the private placement, the company may pay a finder's fee to eligible arm's-length parties."